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While Chinese PV companies are still struggling for EU anti-dumping investigations, German photovoltaic company Solar World can't wait to make another shot for Chinese companies. On September 25th, local time in Europe, a group called EU ProSun led by Solar World filed a complaint with the European regulatory authorities, accusing the Chinese PV company of obtaining illegal subsidies and demanding that the EU impose punitive import tariffs on photovoltaic products produced in China. On July 24, the EU filed an appeal against the anti-dumping investigation against Chinese PV companies. It was also Solar World. On September 6, the EU just announced an investigation into the anti-dumping complaint. The EU is currently the most important export market for Chinese PV companies, accounting for about 70% of China's PV companies. The Sino-European trade friction is the world's largest survey of the photovoltaic industry, involving the EU's 21 billion euros worth of goods imported from China. In an interview with the Morning Post reporter, a number of Chinese PV companies said that there is no basis for the Chinese government to subsidize the photovoltaic industry. In March of this year, the US Department of Commerce’s preliminary decision on “double anti-counterfeiting†(anti-dumping and countervailing) against Chinese PV companies was: Deciding to impose a preliminary countervailing duty of 2.9% to 4.73% on Chinese solar modules. On this basis, in May, the US Department of Commerce decided to impose at least 31% of initial anti-dumping duties. Regarding the response measures, the above-mentioned Chinese companies said that they still have to wait for the final decision of whether the EU has filed a case. According to regulations, the EU will decide whether to file a case within 45 days. If an investigation is initiated, the European Commission may impose temporary tariffs within nine months. The Financial Times quoted a trade lawyer as saying that anti-subsidy cases are much less common in Europe than in anti-dumping cases, in part because countervailing cases are harder to prove. “We are private enterprises are not state-owned enterprises†EU ProSun represents more than 20 European PV companies. The Morning Post reporter reviewed the announcement issued by the EU ProSun official website on September 25, which stated that it had asked the EU to investigate whether the Chinese state-owned banks and the government's assistance to enterprises violated the rules of the World Trade Organization. EU ProSun's chairman is Milan Nitzschke, vice president of Solar World. Milan Nitzschke said in the announcement, "Chinese banks provide low-interest loans to solar equipment manufacturers, if borrowers Unable to repay the loan, they may cancel the loan, extend the repayment period indefinitely, or let other entities controlled by the government return it, so that Chinese solar equipment companies can obtain funds more easily and at lower prices, and the risk is greatly reduced. Milan Nitzschke believes that most Chinese solar manufacturers have already gone bankrupt without endless government subsidies. According to the latest data released by Bloomberg New Energy Finance, since 2010, China Development Bank has provided a total of 33 billion euros of credit to 12 Chinese solar companies. But credit is not the same as a loan, and it is not the same as a low-interest or interest-free loan. Shi Zhengrong, executive chairman of Suntech Power (NYSE: STP), previously said that these credits are hardly used by any PV companies. Shi Zhengrong said that these credits are only framework agreements, not loan commitments, and commercial banks are to make profits. The relevant person in charge of Artes (Nasdaq: CSIQ) said in an interview with the Morning Post that “the low-interest or interest-free loans proposed by Solar World are out of thin air and are not in line with the facts. Bank investment in China has always been very cautious. After we have conducted various assessments, we will make decisions.†A senior executive of a leading Chinese PV company has previously said, “All the money we get is commercial credit. After normal procedures approval and credit, interest rates are also national regulations. The interest rate. There is no low interest rate and high credit. As a listed company , every time a loan is obtained, it is displayed on the audited financial statements. How much money is obtained, and the interest rate is public. However, regarding the extension of the repayment period, the relevant person told the Morning Post reporter that this situation does exist. For example, LDK (NYSE: LDK), which is deeply involved in debt, has received special care in this regard. As of the end of June this year, LDK's total assets of 6.4 billion US dollars, total liabilities of 5.954 billion US dollars, debt ratio of 93%. Saiwei has $296.2 million in cash and cash equivalents and $523.4 million in short-term loans. EU ProSun also accused various parts of China of subsidizing businesses by paying interest, electricity, land transaction fees, value added tax, and providing loan guarantees. The relevant person in charge of a domestic PV company told the Morning Post reporter, "We are private enterprises, not state-owned enterprises. We don't really have these offers." Chinese enterprises collect information to deal with double-reverse. "For this Solar World, we also filed a countervailing investigation. We think It is ironic. The EU is the earliest and most heavily subsidized region for the photovoltaic industry. China is relatively new. The related person of Artes told the Morning Post reporter. Lyons (CLSA) renewable energy industry analyst Charles Yonts said in an interview with Dow Jones that he believes that the practice of filing a countervailing complaint is ridiculous. All PV companies around the world will receive subsidies from local governments in some form, nor Europe. exception. “In 2012 alone, more than 20 large European solar manufacturers were insolvent.†Milan Nitzschke said that the Chinese government’s subsidies for domestic companies only boosted their production not only by local consumption. Demand is more than 20 times higher and nearly twice the global demand. In fact, Solar World's acceptance of subsidies is quite large. The staff of a Chinese PV company provided the Morning Post reporter with the materials that his company had arranged in response to the US “double oppositionâ€. According to the materials, Solar World received a direct subsidy of 130 million euros between 2003 and 2011. In 2009, it received $11 million in "Business Energy Tax Credit in Oregon" and immediately sold it to Wal-Mart for $7.3 million. It then applied for a second round of tax breaks and received an additional $19.4 million. According to the US Department of Energy, Solar World received a “clean energy vendor tax credit†of $82.2 million. Moreover, it has expanded the existing 100MW solar photovoltaic manufacturing capacity to 500MW. Wolfgang Palz, chairman of the World Renewable Energy Council and former EU Executive Committee official from Germany, previously accepted China. In an interview, Energy News said that, in fair terms, “Chinese companies have made great efforts to improve production efficiency and management level, so that the cost and price of PV modules have been greatly reduced in a limited time. Currently, it has reached the level of RMB 5 per watt. Thereby greatly improving the competitiveness of photovoltaic power generation and conventional power supply. Without Chinese enterprises, there will be no world photovoltaic industry today, and there will be no 800,000 jobs.†“Everyone made a mistake at the same time, and estimated the photovoltaics too optimistically. The market growth rate, wishful thinking that the future development of the photovoltaic market in the world will always be at a high level, can not wait to expand production capacity, resulting in a serious overcapacity of photovoltaic power generation equipment worldwide." Paltz uses this year's data as an example, Behind the market space of 30 million kilowatts (30 GW), it has a production capacity of 60 million kilowatts (60 GW). “Everyone is blind to the possible slowdown in the market growth. The result is naturally conceivable. By mid-2012, almost all PV module manufacturers were at a loss.†“This is not a Chinese company. Wrong. Germany, the United States, and Chinese companies are the initiators of the overcapacity and their victims.†Paltz said, “If something goes wrong, everyone is used to finding a scapegoat and looking for someone else to blame. The logic is ridiculous. The production lines of Chinese companies are mainly produced in Germany. The equipment is the same, the technology is quite the same, but the Chinese enterprises are more efficient, the cost-effectiveness is better controlled, and it is unfair to accuse China."